SharkNinja (SN) Company Report

SharkNinja is on track for mid-teens top-line growth in 2025, with low teens growth in the US and high teens internationally.
The company has a robust innovation pipeline, having developed 25 products in 2025 and planning to launch 25 new products in 2026.
International business grew 25% in Q3 and is undergoing strategic shifts to move from distributor to direct models in several markets, with a long-term goal of 50% of business from outside the US.
Gross margin performance is driven by supply base diversification, pricing on innovation, and favorable product mix, while the company has also demonstrated an ability to leverage OPEX.
Capital allocation priorities focus on internal investments in new geographies and R&D, with share repurchases considered for 2026, and a continued focus on organic growth.

Dec 2, 2025, 8:45 PM

Transcript

SharkNinja Discusses 2025 Growth, International Strategy, and 2026 Outlook

Revenue Acceleration/Inflection

New Projects/Investments

Share Buyback

SharkNinja is projected to achieve mid-teens top-line growth in 2025, with low teens growth in the US and high teens internationally.
The international business grew 25% in Q3 2025 and is transitioning from distributor to direct markets in several regions through Q2 2026, aiming for EBITDA rate expansion.
Gross margin improvements are driven by supply chain diversification, retailer partnerships, strategic pricing on innovation, and a favorable product mix from new categories.
The company has a robust innovation pipeline, planning to launch 25 new products in 2026, following 25 product developments in 2025.
Capital allocation prioritizes internal investment in new geographies and R&D, with share repurchases being considered for 2026 to enhance shareholder value.

Dec 2, 2025, 8:45 PM

Transcript

SharkNinja Discusses Strong Growth, Innovation Pipeline, and Strategic Shifts at Morgan Stanley Conference

Guidance Update

Product Launch

New Projects/Investments

SharkNinja is on track for mid-teens top-line growth this year, with low teens in the U.S. and high teens internationally, and expects 16% top-line growth in Q4. The international business grew 25% in Q3.
The company plans to launch 25 new products in 2026 and has diversified its supply chain to six countries outside of China.
SharkNinja is strategically converting distributor markets to direct markets in regions like the Nordics, Poland, Benelux, Spain, and Italy to enhance control over retailers, direct-to-consumer channels, and marketing.
The company has demonstrated pricing power with 80-90 price increases across products and was the second largest brand on TikTok Shop in October.
Primary capital allocation priorities include internal investments in new geographies and R&D, with share repurchase being considered for 2026.

Dec 2, 2025, 8:45 PM

Transcript

SharkNinja Reports Strong Q3 2025 Results and Raises Full-Year Outlook

Earnings

Guidance Update

Revenue Acceleration/Inflection

SharkNinja, Inc. reported strong Q3 2025 net sales of $1.63 billion, up 14.3%, and net income of $188.7 million, a 42.6% increase.
The company achieved ten consecutive quarters of double-digit top and bottom line growth, with gross margins expanding by 140 basis points in Q3 2025.
Growth was driven by robust performance, including a 56.7% increase in the Beauty and Home Environment segment and 25.8% growth in international sales.
SharkNinja raised its full-year 2025 outlook, projecting net sales growth of 15.0% to 15.5% and adjusted net income per share growth up to 17.8%.
Operational efficiencies, including nearly complete diversification of its US supply chain outside of China to countries like Vietnam and Malaysia, contributed to mitigating tariff impacts.

Nov 7, 2025, 12:42 AM

Bloomberg

SharkNinja Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

CFO Change

SharkNinja reported strong Q3 2025 financial results, with net sales growing 14.3% year-over-year to $1.63 billion, adjusted gross margins expanding to 50.3%, and adjusted EBITDA increasing 20.7% to $317 million.
The company achieved record adjusted net income of $213 million and $1.50 per diluted share for Q3 2025.
International net sales accelerated to 25.8% year-over-year, reaching $530 million, with notable strength in the U.K. and broad-based triple-digit growth in Latin America.
SharkNinja raised its full-year 2025 guidance, now expecting net sales growth of 15%-15.5% and adjusted diluted EPS in the range of $5.05-$5.15.
Adam Quigley was formally appointed as CFO, emphasizing his vision to continue building the finance function as a strategic partner.

Nov 6, 2025, 1:30 PM

Transcript

SharkNinja Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

CFO Change

SharkNinja reported robust Q3 2025 results, with net sales increasing 14.3% year-over-year to $1.63 billion and adjusted net income per diluted share rising 24% to $1.50, marking its 10th consecutive quarter of double-digit top-line growth.
Profitability saw significant expansion, with adjusted gross margins surpassing 50% to reach 50.3% and adjusted EBITDA growing nearly 21% year-over-year to $317 million.
The company raised its full-year 2025 guidance, now projecting net sales growth between 15% and 15.5%, adjusted net income per diluted share in the range of $5.05-$5.15, and adjusted EBITDA between $1.115 billion and $1.125 billion.
International net sales were a key driver, accelerating 25.8% year-over-year to $530 million in Q3 2025, with notable strength in the U.K. and broad-based triple-digit growth in Latin America.
Adam Quigley has been officially confirmed as SharkNinja's new Chief Financial Officer.

Nov 6, 2025, 1:30 PM

Transcript

SharkNinja Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

SharkNinja reported strong Q3 2025 results, with net sales growing 14.3% year-over-year to $1.63 billion and adjusted EBITDA increasing nearly 21% year-over-year to $317 million.
The company achieved its 10th consecutive quarter of double-digit top-line growth and expanded adjusted gross margins by over 90 basis points year-over-year to 50.3% of net sales.
Adjusted diluted earnings per share increased 24% year-over-year to $1.50.
SharkNinja raised its full-year 2025 guidance, now expecting net sales growth between 15% and 15.5% and adjusted diluted EPS in the range of $5.05-$5.15.
International net sales accelerated to 25.8% year-over-year growth, contributing to significant market share gains across categories.

Nov 6, 2025, 1:30 PM

Transcript

SharkNinja Reports Strong Q3 2025 Results and Raises Fiscal Year 2025 Outlook

Earnings

Guidance Update

Revenue Acceleration/Inflection

SharkNinja reported a 14.3% increase in net sales to $1,630.2 million for the third quarter ended September 30, 2025, compared to the same period last year.
Net income for Q3 2025 increased 42.6% to $188.7 million, with diluted net income per share rising 41.5% to $1.33.
Adjusted EBITDA for the third quarter increased 20.7% to $316.5 million.
The company raised its Fiscal Year 2025 outlook, now expecting net sales to increase 15.0% to 15.5%, Adjusted Net Income per diluted share between $5.05 and $5.15, and Adjusted EBITDA between $1,115 million and $1,125 million.
As of September 30, 2025, SharkNinja had $263.8 million in cash and cash equivalents and total debt of $749.3 million.

Nov 6, 2025, 12:02 PM

6-K

SharkNinja Reports Strong Third Quarter 2025 Results and Raises Fiscal Year 2025 Outlook

Earnings

Guidance Update

Revenue Acceleration/Inflection

SharkNinja reported net sales of $1,630.2 million for the third quarter ended September 30, 2025, marking a 14.3% increase compared to the same period last year.
Net income for Q3 2025 grew 42.6% to $188.7 million, with Adjusted Net Income per diluted share increasing 24.0% to $1.50.
Adjusted EBITDA for the quarter increased 20.7% to $316.5 million.
The company raised its fiscal year 2025 outlook, now projecting net sales growth of 15.0% to 15.5%, Adjusted Net Income per diluted share between $5.05 and $5.15, and Adjusted EBITDA between $1,115 million and $1,125 million.

Nov 6, 2025, 12:00 PM

Press Release

SharkNinja Discusses Growth Strategy and Market Dynamics at Global Retailing Conference

New Projects/Investments

Revenue Acceleration/Inflection

Product Launch

SharkNinja has achieved a 21% compounded annual growth rate over the past 17 years, driven by gaining market share in existing categories, expanding into new categories, and international expansion.
International expansion is a key focus, with the company expecting close to 50% of revenue from outside the U.S. in the reasonable short term, with Germany and France representing an over $2 billion opportunity.
The company invests heavily in marketing, spending over 11% of sales or $700 million a year on advertising, and emphasizes diversification across 37 different product categories and 25 countries.
SharkNinja has successfully navigated tariff challenges by shifting 90% of its production outside of China by the end of Q2 FY2025 and implementing price increases, which contributed to gross margin rate growth in Q2.
The company plans to launch 25 new products annually and aims for long-term EBITDA expansion, supported by strong underlying consumer demand and retail partnerships.